00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bond investors are focused on Federal Reserve Chairman Kevin Warsh's
00:06Jackson Hole speech on Friday, as long-term Treasury yields remain under pressure,
00:11according to Bloomberg. The 30-year yield recently reached its highest level since 2007,
00:17before Treasury announced plans to increase buybacks of longer-dated securities.
00:22Traders want clarity on how the Fed will respond to inflation above its 2% target
00:26and a national debt above $40 trillion. Warsh has offered little guidance since taking the post
00:32in May, while his appearance after the last policy meeting triggered a sharp bond sell-off.
00:38Investors will also watch Wednesday's July personal consumption expenditures report
00:41for another reading on inflation. For all things money, visit Benzinga.com.
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